The restaurant chairs market involves chairs that are specifically designed for use in commercial foodservice establishments like restaurants, cafes, bars, and other catering businesses. Restaurant chairs are made with durable, cushioned, and easy to clean materials that can withstand frequent and prolonged use. They come in a variety of designs including bistro chairs, armchairs, stools, and high-top tables. Durability, comfort, stack-ability for storage, and stylish aesthetics are some key attributes that restaurant owners seek in chairs.
The global restaurant chairs market is estimated to be valued at US$ 4.2 billion in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024-2029.
Key Takeaways
Key players operating in the restaurant chairs market are Inter IKEA Systems B.V., HNI Corporation, Herman Miller Inc., Steelcase Inc., and Hillsdale Furniture.
The Restaurant Chairs Market Demand is expected to witness lucrative opportunities in Asian countries owing to rapid restaurant industry growth in countries like China, India and Indonesia. 3D printing technology is enabling restaurant furniture manufacturers to produce customized and unique chair designs at lower costs.
Market drivers
One of the major drivers for the restaurant chairs market is the rising number of casual dining restaurants globally. Customers prefer casual dining experiences over formal settings which has increased the demand for comfortable yet durable chairs suited for high traffic commercial spaces. Materials innovation is also fueling the market as newer fabrics, polymers and alloys with properties like strength, stain resistance and UV stability are being increasingly used in modern restaurant chair designs.
Current challenges in the restaurant chairs market
The restaurant chairs market is currently facing challenges due to pandemic restrictions imposed across many regions. Social distancing norms have led to reduced seating capacities in restaurants, thus impacting their revenues. Supply chain disruptions due to lockdowns have also affected chair manufacturing and distribution. Rising costs of raw materials like steel, plastic and foam are putting pressure on profit margins of chair manufacturers. Sustainability concerns and growing demand for eco-friendly products pose another challenge for companies to shift to renewable materials and reduce carbon footprint.
SWOT Analysis
Strength: Ergonomic designs and durability of chairs help provide long lasting comfort. Materials like wood and steel add aesthetic value.
Weakness: High initial costs of commercial grade chairs limits their adoption. Import-dependence makes companies vulnerable to trade policies.
Opportunity: Growth of outdoor and patio seating boosts sales. Innovation in lightweight and foldable chairs cater to portable needs.
Threats: Intense competition decreases pricing power. Online selling by furniture brands penetrates the traditional distribution channels.
Geographical regions: North America currently holds the largest share in the restaurant chairs market, valued at over US$ 450 million in 2020. This is attributed to dense restaurant industry and consumer preference for dining out in countries like the US and Canada.
Fastest growing region: Asia Pacific region is projected to witness the fastest CAGR of 7% during the forecast period. Rapidly increasing disposable incomes, westernization of lifestyles and growing young population are driving the demand for modern commercial furniture including restaurant chairs in developing nations like China and India. Expanding QSR chains and cafe culture also boost the market growth.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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